Real Info on Donating Cars
In violation to our mission of providing only useless information, here is some actually useful information about donating cars. A couple of years ago the IRS changed the rules about car donations, and pulled the rug out from under people that were getting full market value as a deduction for their donated stinkpot clunker. Now, if the value of the car is greater than $500 and the charity is auctioning the car, you only get the amount the car sold for at auction (which the charity must certify within 30 days). The workaround? Find a charity that actually fixes up and uses the car or provides it to the needy-- then you can get fair market value.
It took me a while to find useful information on this subject, because web searches just turn up these incredibly skanky "DonateYourCarToMe.com" sites that seem to be auction houses that donate some portion of the proceeds to charity after skimming off their take. There's a decent article here that even lists an example of a charity that provides the car to the needy.






